Is Bollinger Bands Indicator + RSI Trading Strategy Profitable? – Full Tutorial with Trade Examples

Trending clips related to Trading Tool, Stock Market Trading, Currency Trading Tutorial, Simple Forex Trading, and Stochastic Indicator Pdf, Is Bollinger Bands Indicator + RSI Trading Strategy Profitable? – Full Tutorial with Trade Examples.

Is Bollinger Bands Indicator and RSI Trading Strategy Profitable? – Full Tutorial with Trade Examples

In today’s video, we are combining the Bollinger Bands indicator with the Relative Strength Index in one single trading strategy, this is one of the strategies suggested by some of the subscribers of this channel after watching the videos where we backtested
the Bollinger Bands trading indicator as well the RSI. The results were quite promising, but what if we trade Forex using the two indicators simultaneously.

So if you are looking for a video on how to trade the Bollinger Bands or you would like to know whether it is a good strategy combined what the RSI indicator, that this video is right for you.

That’s what we are going to do today.

Bollinger Bands is developed by John Bollinger in the 1980s and it is commonly used to measure the volatility of an asset.

There are 3 components to Bollinger. The first one is just a simple 20-day moving average which is represented by the middle band. The second and third are the upper and lower bands that are two standard deviations away from the 20-day Simple Moving Average.

In general, when the bands tighten during a period of low volatility, it raises the likelihood of a sharp price move in either direction. This may begin a trending move. Watch out for a false move in the opposite direction which reverses before the proper trend begins.

RSI is a momentum oscillator that measures the speed and change of price movement. The RSI oscillates between 0 to 100, where anything above 70 traditionally represents overbought and anything below 30 represents oversold.

In an uptrend or bull market, the RSI tends to remain in the 40 to 90 range with the 40-50 zone acting as support. During a downtrend or bear market, the RSI would stay between the 10 to 60 range with the 50-60 zone acting as resistance. These ranges will vary depending on the RSI settings and the strength of the currency pair.

So should we trade the Bollinger Bands with RSI indicator? Make sure to watch the video till the end to know the answer.

If you are looking for a solid trading strategy to capture pips on a daily basis that this strategy is for you.

#Bollinger_Bands #RSI_Indicator

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Stochastic Indicator Pdf, Is Bollinger Bands Indicator + RSI Trading Strategy Profitable? – Full Tutorial with Trade Examples.

How To End Up Being An Effective Forex Trader

These are: economic analysis and technical analysis. This day-to-day charts strategy can make you 100-500 pips per trade. The very first point is the method to be followed while the second pint is the trading time.

Is Bollinger Bands Indicator + RSI Trading Strategy Profitable? – Full Tutorial with Trade Examples, Enjoy more updated videos relevant with Stochastic Indicator Pdf.

5 Tips To Trade Forex Effectively

And if this is the situation, you will not have the ability to presume that the cost will turn once again. Trail your block gradually and outside of normal volatility, so you do not get bumped out of the pattern to soon.

There is a distinction between trading and investing. Trading is constantly short-term while investing is long term. The time horizon in trading can be as brief as a couple of minutes to a few days to a few weeks. Whereas in investing, the time horizon can be months to years. Lots of people day trade or swing trade stocks, currencies, futures, alternatives, ETFs, commodities or other markets. In day trading, a trader opens a position and closes it in the very same day making a quick profit. In swing trading, a trader tries to ride a trend in the market as long as it lasts. On the other hand, an investor is least pushed about the short-term swings in the market. He or she has a long term time horizon like a few months to even a few years. This very long time horizon matches their financial investment and monetary objectives!

This technique is easy and it is not complicated in any manner. It operates even in volatile market conditions. Your ability Stochastic Trading to get the best from this method depends upon the way you efficaciously use the technique. There is no magic behind the method.

An excellent trader not just considers the heights of revenues however likewise considers the danger involved. The trader ought to be prepared to acknowledge how much they are all set to lose. The upper and lower limit should be clear in the trade. The trader needs to choose how much breathing space he is ready to provide to the trade and at the very same time not run the risk of excessive also.

So, here are some useful pointers to effectively trade foreign currency exchange in an unpredictable market. Sure enough, you can apply these suggestions while using a demonstration account. After all, using a demonstration account will permit you to practice forex Stochastic Trading and make you prepared for the real thing.

Swing Stochastic Trading systems include various signs however the goal is always the very same, to benefit from short-term price spikes, sell or purchase them and look for a return to a moving average.

When the break occurs, put your stop behind the breakout point and wait up until the move is well underway, before routing your stop. Do not put your stop to close, or within typical volatility – you will get bumped out the trade.

I call swing trading “hit and run trading” which’s what your doing – getting high chances set ups, striking them and after that banking profits, prior to the position can turn back on you. If you find out and practice the above technique for a week or so, you will soon be confident sufficient to applly it for long term currency trading success.

With this plan, you can trade on your own schedule and exploit rate changes in the market. A vital beginning point is enough cash to survive the initial stages.

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